Arbitrum Price Prediction: ARB/USD Remains Under $1.30; It’s Time to Invest
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Arbitrum Price Prediction – May 22
The Arbitrum price prediction reveals that ARB drops to touch the daily low of $1.11 as the price dips for new buyers to surface.
ARB/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $1.25, $1.30, $1.35
Support levels: $1.00, $0.95, $0.90
ARB/USD is trading at $1.12 at the moment, getting ready to cross above the 9-day and 21-day moving averages. According to the daily chart, sellers are going to push the coin toward the north but the new buyers are expected to step into the market while the existing buyers can buy more.
Arbitrum Price Prediction: ARB Price Retreats to Move Higher
The Arbitrum price is inexpensive for more buyers to come into the market. However, the coin can drop more as the technical indicator Relative Strength Index (14) moves below the 40-level as buyers are to buy the dips, any further supports below the lower boundary of the channel could locate supports at $1.00, $0.95, and $0.90.
Nevertheless, if the buyers hold the current support of $1.12, pushing it higher can hit the previous resistance level of $1.20. However, any further bullish movement above the 9-day and 21-day moving averages will locate the resistance levels at $1.25, $1.30, and $1.35.
ARB/USD Medium-term Trend: Bearish (2H Chart)
On the 2-hour chart, the Arbitrum price keeps moving within the 9-day and 21-day moving averages, preparing to spike toward the upper boundary of the channel. Similarly, if the coin digs dip, the existing buyers are to invest more.
From the upside, if the buyers push the price above the moving averages; higher resistance could be found above the upper boundary of the channel at $1.18 and above. But, should the coin retreat and slide below the lower boundary of the channel, critical support can come at $1.08 and below, while the Relative Strength Index (14) stays above the 40-level, suggesting that buyers may come into focus.
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